What Is the Goal of Financial Management for a Sole

question 46

Multiple Choice

What is the goal of financial management for a sole proprietorship?

• A)Maximise net income given the current resources of the firm.
• B)Decrease long-term debt to reduce the risk to the owner.
• C)Minimise the tax impact on the proprietor.
• D)Maximise the market value of the equity.
• E)Minimise the reliance on fixed costs.

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Definitions:

Inclusive Working Environment

A workplace setting that values diversity and promotes equal opportunities for all employees, regardless of their background.

Cultural Genocide

The deliberate destruction of the cultural heritage and traditions of a group of people or a nation.

Social Justice

The concept of fair and just relations between the individual and society, measured by the distribution of wealth, opportunities for personal activity, and social privileges.

Truth And Reconciliation Commission

A body tasked with discovering and revealing past wrongdoing by a government, in the hope of resolving conflict left over from the past.